Burroughs, a Plymouth, Mich.-based provider of document and payment- processing image technology and cash-automation services, has acquired Absolute ATM Services Inc. Terms were not released. Absolute ATM is a Houston, Texas-based provider of ATM equipment and ATM services. Burroughs is owned by Marlin Equity Partners.
Burroughs Inc., is pleased to announce it has acquired Absolute ATM Services, Inc., a Houston, Texas-based provider of a broad range of ATM equipment and ATM services for financial institutions. Absolute ATM Services will be integrated into Burroughs, Inc., further strengthening one of the nation’s largest providers of maintenance services and transaction technology solutions. Going forward, Burroughs will be a preferred partner for ATM Outsourcing services for A & S Datacash, Inc. a Houston, Texas-based provider of complete ATM Managed Services to Community Banks and Credit Unions.
“We are excited to bring Absolute ATM Services into our Customer Services organization extending the benefits we offer our customers,” states Alan Howard, President and CEO of Burroughs. “The acquisition of Absolute ATM Services further expands our maintenance services footprint and demonstrates our continued commitment to maintaining our position as a maintenance services market leader.”
Regarding the acquisition, Troy LeBlanc, President of Absolute ATM Services, Inc., remarks, “Joining forces with a company of Burroughs expertise and extensive portfolio of customer-services solutions solidifies our strategic vision. Our goal has always been to provide an unmatched level of personal service and attention to detail in the ATM industry.”
Burroughs is owned by private equity firm Marlin Equity Partners, a leading private equity firm with over $1 billion of capital under management.
Burroughs is a Plymouth, Mich. based global provider of document and payment- processing image technology, cash-automation solutions and services to financial institutions and retailers. Its products provide banks and commercial customers with safe, secure and prompt document and cash processing that improves operational efficiencies and payment security. With more than 100 years of history, Burroughs is recognized as the industry leader in image-processing technology from web-enabled branch and merchant capture devices to high-speed reader/sorters in some of the largest payment-processing centers worldwide. For more information, please visit www.burroughs.com.
About Absolute ATM Services, Inc.
Absolute ATM services 1,600 machines and owns and operates more than 600 ATMs, many of which are outsourced to its clients.